TPG-Axon Capital Management LP (“TPG-Axon”) informed Portugal Telecom, SGPS S.A. (“PT”), in rectification of its previous communication on a qualified holding in PT, which reported that the relevant transactions had been made on the Euronext Lisbon, that, in fact, such transactions were over the counter transactions (OTC transactions).
This statement is following a communication received through email from TPG-Axon Capital Management LP, with registered office in New York, New York, USA.